And, appreciation is always a nice bonus.I assume a long term hold is your plan.

As for what it does, it’s nice to get a generally idea of what needs repair and areas to consider and what to look at. 

If the price was right on Turn-key maybe, but probably more of the fixer-upper that can be leveraged later on for additional property or sold for a nice profit. 

You've got a garage, which is nice. 1200 is still on the higher end.

I actually had come across your post below in the Events forum and thought to myself it would have been nice to attend that to see first hand a local flip and talk shop about the process.https://www.biggerpockets.com/forums/521/topics/1215682-chec...I am happy to hear that someone with your experience in the region feels that Westchester is a market with some potential.

We live well, have a nice house which I built from the ground up and saved 200k off the top. 

@Elio Campiolo Jr  Nice to meet you Elio.

If they are nice enough for AirBnB, then you are probably ok there as well since the stays will be short. 

Plus some really nice savings rates.

The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.